Aligns with the Bank’s international strategy to transform into a leading regional bank with larger presence in key ASEAN markets Establishes a strong foundational platform in a highly attractive and
compared to 1H2019 caused by impact of COVID-19 outbreak, led to the sluggish fatty alcohols market’s purchasing power. Despite, natural fatty alcohols price was more attractive than synthetic fatty alcohols
manufacturers. 38% derives from project bonds such as the US$850m Topaz solar bond issue in the US. These project bonds are attractive to institutional investors as they attain investment grade ratings of BBB or
, domestic demand would be restrained by elevated household debt, some signs of moderation in earnings and employment in the export-related manufacturing sector, as well as public spending and public
household debt remained elevated, economic expansion had yet to benefit household income in a broad-based manner, and the low level of some agricultural price resulting in a gradual improvement. Private
. On the domestic front, elevated household debt remains a constraint to purchasing power. In the meantime, domestic political situation also warrants monitoring as the government is preparing for an
industrial countries that could affect domestic demand as well as geopolitical risks. In addition, there remained downside risks pertaining to domestic factors such as elevated household debt, impacts from